2012 Benefit Enrollment Guide - Education Management Corporation

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Dependent Care FSA This account reimburses you for qualified day care expenses that are necessary so that you, or you and your spouse, can work. If you are single or if you are married and filing a joint tax return, you can contribute up to $5,000 annually into your dependent care FSA ($2,500 if married and filing separate federal income tax returns). The expenses covered on the days you are working include charges for: • Licensed nursery schools • Daycare centers • Babysitting • Disabled dependent day care (in or out of your home) If the care is in your home, the provider cannot be one of your dependents. On the claim form, you must provide the name, address and taxpayer identification number of the person performing dependent care services. You cannot receive advance reimbursements from a dependent care FSA. You can only be reimbursed up to the balance in your account. Use it or lose it When deciding how much to contribute to your health care or dependent care FSA for the year, be sure to estimate carefully. Consider predictable expenses based on past experience and upcoming events or changes. It’s important to do the math accurately, because if you don’t use up your FSA dollars by the end of the year, you will lose them. Note: Eligible health care expenses can be incurred through March 15, 2013 for reimbursement from your 2012 health care FSA. Filing a claim for reimbursement from your FSA To submit a claim for your eligible dependent care and/or health care FSA, complete a claim form, available on Employee Resource. Attach the dated receipts along with any other required documentation and fax or mail the form to WageWorks. WageWorks Card = instant reimbursement When you elect to contribute to a health care FSA, you will receive a WageWorks Card for on-the-spot access to your pretax dollars. Your WageWorks Card is similar to a VISA ® debit card. Use it to pay for eligible expenses directly at the point of service when you incur an expense at a designated health care merchant (doctor’s office, hospital, health care clinic, pharmacy, etc). However, you must keep receipts, as you may be required to send your receipts to WageWorks for review. When coverage ends You will not be eligible to receive reimbursement for expenses incurred after your participation end date. Your participation in the health care FSA or dependent care FSA will end: • On the date you terminate employment or cease to be a full-time or part-time* employee • When you elect to stop participating — if permissible — due to a qualifying change of status event Health care FSA participants whose participation has ended due to a COBRA qualifying event will be extended the opportunity to continue their participation in the health care FSA under COBRA. *Part-time employees with hire dates prior to December 1, 2011 will retain benefits eligibility in a grandfathered status through December 31, 2013. Part-time employees hired on or after December 1, 2011 are eligible for the employee assistance program and the 401(k) plan only. 28 Questions? Contact HR One Connect at 1.888.471.3362 (1.888.HR1.EDMC).
Brought To You By: The Retirement Plan— 401(k) Many financial planners believe that participating in a 401(k) savings plan is the best way to save for your future. That’s because the 401(k) plan gives you the tools you need to assist you in building a solid financial future and retirement. 1-800-835-5092 www.401k.com All full-time, part-time, and adjunct employees are eligible to participate in the EDMC Retirement Plan. What makes this an even more attractive investment vehicle is that EDMC will match your contributions — dollar for dollar — up to 6% of your annual salary on a per pay basis. To enroll in the EDMC Retirement Plan, log in to Fidelity NetBenefits ® at www.401k.com or call the Fidelity Retirement Benefits Line at 1-800-835-5092. Tax-deferred savings Your contributions are deducted from your paycheck — on a tax-deferred basis. This means that the deduction from your paycheck is made before taxes are taken out. Instead of paying taxes for this money now — or for EDMC’s matching contributions and the investment earnings as you build your retirement fund — you will pay taxes as you receive distributions later. This is even more helpful if you expect to be in a lower tax bracket in your retirement years. Contribution limits If you are under age 50, the IRS contribution limit for 2011 is $16,500. If you will be at least age 50 during the year, the plan may allow you to defer an additional $5,500 as catch-up contributions. Transfers and rollovers You can roll over eligible savings from a previous employer’s plan into this plan. You can also take your plan vested account balance with you if you leave the company. Investment options You have the flexibility to select from investment options that range from more conservative to more aggressive, making it easy for you to develop a well-diversified investment portfolio. To learn more about the investment options available to you, visit www.401k.com. Questions? Contact HR One Connect at 1.888.471.3362 (1.888.HR1.EDMC). 29
Page 1 and 2: Educated Choices 2012 Benefit Enrol
Page 3 and 4: Educated Choices Your Educated Choi
Page 5 and 6: Benefit Costs If you choose to enro
Page 7 and 8: About domestic partner coverage You
Page 9 and 10: When Participation Ends For medical
Page 11 and 12: How the plans work You have the fre
Page 13 and 14: Medical Benefits Summary Benefit Di
Page 15 and 16: Brought To You By: Prescription Dru
Page 17 and 18: Brought To You By: Dental A healthy
Page 19 and 20: Dental Benefits Summary Benefit Ind
Page 21 and 22: Vision Benefits Summary Benefit Ben
Page 23 and 24: Brought To You By: Life Insurance L
Page 25 and 26: Life Insurance: Take it with you if
Page 27 and 28: Brought To You By: Disability Insur
Page 29: Brought To You By: Flexible Spendin
Page 33 and 34: Your Wellness EDMC’s benefit prog
Page 35 and 36: Manage your chronic condition Asthm
Page 37 and 38: How The Plan Might Use Or Disclose
Page 39 and 40: If you have limited income and reso

2012 Benefit Enrollment Guide - Education Management Corporation

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